A New Financial Hub for Regional Growth
KB Financial Group recently held a grand opening ceremony for the “Jeonbuk KB Financial Town” in Jeonbuk Innovation City. This initiative aims to create an asset management-specialized financial ecosystem that is closely linked with the National Pension Service. The event brought together several key figures, including Kim Yun-duk, Minister of Land, Infrastructure and Transport; Lee Won-taek, Governor of Jeonbuk Special Self-Governing Province; Kim Sung-joo, Chairman of the National Pension Service; Jeonju Mayor Jo Ji-hoon; and Yang Jong-hee, Chairman of KB Financial Group.
The establishment of Jeonbuk KB Financial Town marks a significant step towards developing a regional financial hub. It is designed to foster the asset management industry, focusing on the National Pension Service and supporting the growth of youth and small/innovative enterprises. By expanding financial services and supporting startups, KB Financial aims to contribute to regional economic revitalization and national balanced development.
Key Subsidiaries and Employment Plans
Major subsidiaries of KB Financial, including KB Kookmin Bank, KB Securities, KB Insurance, and KB Asset Management, will be based in Jeonbuk Innovation City. These entities will perform asset management tasks linked with the National Pension Service. Approximately 350 group employees, including around 150 locally hired staff, are expected to work in the area.
KB Financial will operate the KB Asset Management Jeonju Office and the KB Securities Jeonju CIB Center. Additionally, the company plans to provide comprehensive financial services to local residents and businesses through various facilities. These include a bank-securities complex branch, the KB Golden Life Center offering senior-specific consulting, the KB Hope Financial Center supporting debt restructuring for vulnerable groups, and an AI-based non-face-to-face asset management consulting center.
Support for Small Businesses and Startups
Support for small businesses and youth startups will also expand. Centered around the “KB Innovation HUB” startup nurturing platform, collaboration and investment linkages between subsidiaries will be strengthened. New investments will be made in a climate tech venture nurturing fund focused on climate, energy, and agribio sectors to support the founding and growth of regional innovative enterprises.
Social Contribution Initiatives
In addition to its business initiatives, KB Financial has committed to various social contribution programs. These include financial support and consulting for small business owners, financial education, and cultural programs. Economic and financial education programs for elementary, middle, and high school students, as well as scholarship projects linked to the National Pension Service’s “NPS Open Campus,” will also be operated.
Vision for the Future
Chairman Yang Jong-hee of KB Financial Group emphasized the importance of the Jeonbuk KB Financial Town. He stated, “Jeonbuk KB Financial Town is the starting point of an asset management-specialized financial ecosystem where finance, industry, and the region grow together, centered around the National Pension Service. We will continue to expand the role of finance to ensure that youth and small/innovative enterprises can seize sufficient opportunities and grow even in the regions.”
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